Reference Case Number: FOI11384
Freedom of Information: Right to know request:
Please provide the value of mortgages taken out by people over the age of 66. The full text of your request is reproduced in Annex A below.
FCA response:
We can confirm that we hold the requested information, which is set out below. This data includes all regulated mortgage sales, as reported to us in Product Sales Data (PSD001), where the age of first borrower was over 66, i.e. 67 or older. From April 2021, this data also includes internal product transfers and further advances.
We have shown lifetime mortgage sales (an equity release product reported in PSD001) separately, as requested.Source: FCA Product Sales Data (PSD001)
| Lifetime mortgage sales, value, £ | Any other mortgage sales, value, £ | |
|---|---|---|
| April 2019 - March 2020 | 2,564,039,761 | 1,959,477,682 |
| April 2020 - March 2021 | 2,597,896,599 | 1,750,956,406 |
| April 2021 - March 2022 | 3,418,033,466 | 4,071,623,065 |
| April 2022 - March 2023 | 3,456,946,445 | 4,042,938,127 |
| April 2023 - March 2024 | 1,371,460,702 | 4,070,483,696 |
Source: FCA Product Sales Data (PSD001)